Create Protocol Appchain Candidate Seeks Create-to-Earn Revolution
Create Protocol is a multichain protocol designed to support multiple creator-focused dApps — powering a Create-to-Earn Revolution.
Create Protocol has been built to assist artists and creators in becoming independent by helping them own, share, and monetize their art through new economic models and opportunities in the emerging Web3 world. Create’s mission is to structure a seamless experience for creators to earn funds while interacting with their audience directly.
The Octopus Network is excited to see what Create Protocol can accomplish as an Appchain in the Octopus Network.
Solving old problems with new solutions in the creator industry
Create Protocol identifies many problems in the current creator industry. Create believes that the industry itself is much bigger than traditional companies that fail to support the interests of the artists who make up the soul of the industry.
- Record labels often fix a reduced royalty rate to lesser-known artists — trapping the artists in a highly-competitive space with earning margins far below their expectations.
- Recording artists often sign contracts during the early stages of their career, limiting their earning ability. Many artists have raised concerns about the loss of volition.
- Signed artists generally can’t use their own creations and artworks as collateral. When artists can’t control their own art, they miss out on opportunities to fund their profession to suit their needs, forcing them to have to trade their copyrights for provisions such as studio time or engineering equipment.
Create Protocol is on a mission to integrate blockchain into artists’ real lives so that they can earn the value they deserve through their work.
Create’s Ecosystem
Create Protocol is a completely decentralized ecosystem. One of its dApps, Mercado.Studio, an NFT marketplace, is dedicated to artists and creators across the globe by facilitating low-cost minting of NFTs with reduced gas fees.
Create Protocol empowers artists with volition and transparency built into smart contracts. Artists decide their own revenue model for their productions and can interact directly with fans through the APIs built on Create.
Furthermore, via buildable APIs, developers and partners can construct interactive products with access to any content catalog, offering additional revenue streams for creators.
Creators can interact with their fans by uploading their artwork, collections, branded goodies, albums, etc., on the Create and Mercado NFT Marketplaces to earn cryptocurrency. Fans can sell their collections in the secondary market generating revenue for artists via royalties pre-coded in smart contracts.
To assist artists with funding without relinquishing ownership, Creator.DeFi offers avenues for funding through access to staking and DeFi products on the basis of an artist’s collateralized work.
Additionally, Create Protocol has set up the Create Foundation to support education and innovation in art, games, music, and entertainment sectors by offering grants to artists and students.
The CDapp Ecosystem
Extending beyond the NFT marketplace, Create APIs are also built into Create’s Mercado Studio NFT Marketplace to serve creators with additional features such as:
- Creator Launchpad
- Create Console
- Creator.Defi
- NFT Marketplace
- Metaverse
Create Protocol’s $CR8 Token
Create’s $CR8 token enables network security, exclusive features access, and community-owned governance. The $CR8 protocol will be owned and operated by the decentralized community of artists, creators, and fans. $CR8 facilitates members of the community in building the platform’s future together through active contributions to the network.
As such, Create Protocol seeks a democratic ecosystem void of monopolies and governed only by the community so that the management and ownership of royalties are no longer be controlled by centralized parties. Instead, artists, communities, fans, and investors all play a role in a decentralized ecosystem designed specifically for the sustainability and livelihood of the creators themselves.
Join the Web3.0 Revolution
Octopus Network believes a cryptonetwork is owned by its community — This is the essence of decentralization and the fundamental difference from Web2 platforms. The Octopus Network is a meta-community, which will nurture hundreds of Web3 application communities. Join us!
The Octopus Network Developer Community Task Force is available to assist any Substrate teams interested in taking next steps. For more information, check out our Documentation with step-by-step tutorials. Or jump into our Discord and start your Appchain Journey today.
